November 17, 2023


Live Webcast

AND

In-Person

Martin’s West
6817 Dogwood Rd, Woodlawn, Baltimore County, Maryland 21244


8 CPE

Don Farmer’s 2023 Corporate/Business Income Tax Workshop

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    Instructor

    Bill
    Harden

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Learning Objectives

This Course Is Designed To: 1) Provide Explanations And Planning Ideas Relating To The Latest 2023 Corporate And Business Tax Developments, Including The Most Recent Guidance On New Tax Law Provisions; 2) Help Practitioners Prepare For “Tax Season;” And 3) Review Tried-And-True Traditional Tax Planning Opportunities. The Course Includes A Comprehensive Reference Manual With Each Chapter Containing Basic Rules, Selected Items Of Interest, 2023 Developments, Planning Ideas, And Listings Of Related IRS Forms And Publications.

Major Topics

Major Topics for Review of Corporate and Other Business Income Taxation:

  1. Business Entity Taxation:S Corporations
    Partnerships
    Constructive Dividend Issues
  2. Deductions and Benefits:20% QBI Deduction
    Travel, Meal, and Entertainment Deductions
    Fringe Benefits
    §179 and 168(k) Depreciation Deductions
  3. Purchase and Sale of Businesses:§1031 Exchanges
    Business Valuation Considerations
  4. Accounting Methods and Regulations: Final Regulations on Inventories and Cash Method Usage
    Automatic Accounting Method Changes (Rev Proc)
    Accounting Methods Impacting Small Businesses
  5. Taxation of Rental Income: Self-Employment Tax on Rental Income
  6. State Taxation and Elections: Entity-Level State Income Tax Elections for S Corps and Partnerships
  7. Interest and Limitations: Business Interest Expense Limitation
  8. Partnership and S Corp Developments: Filing Forms K-2 and K-3 Developments
  9. 2023 Legislative Changes: Overview of New 2023 Legislation
  10. SECURE Act 2.0 Provisions: Impact on Businesses in 2023
  11. Electric Vehicle Credits: Commercial Vehicles Qualifying for New Electric Vehicle Credits
  12. Inflation Reduction Act Effects: Provisions Affecting Businesses in 2023
  13. First-Time 2023 Provisions: Review of Tax Changes Effective in 2023
  14. Other Notable Business Topics: Miscellaneous Business Taxation Considerations

Sponsors

CPE Credits Available

8 CPE
8
Taxes

Martin’s West

6817 Dogwood Rd, Woodlawn, Baltimore County, Maryland 21244

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Things to Know About This Course

Course Level

  • Update

Professional Area of Focus

  • Practioners
  • Practitioner
  • Tax
  • Taxation

Prerequisites

At least one year of tax experience is suggested.

Advanced Preparation

None

Intended Audience

Individuals who prepare income tax returns for businesses or who engage in income tax planning for businesses.

Provider

Don Farmer, CPA, PA

This event has ended.